New York Personal Injury Settlement Calculator

What is the New York Personal Injury Settlement Calculator?

Welcome to the Law Offices of Eric Richman’s Personal Injury Settlement Calculator. This tool was created to help you understand how fees and costs are deducted from personal injury settlements in New York. It can be used to determine how much an individual may be entitled to for various accidents. It produces hypothetical amounts using the information you provide.

If you want to know how much you could clear when your case settles in the future, the calculator provided on this page can help. The calculator provides general information that can be used as a helpful guide rather than a guarantee of outcome. Please remember that this tool is for informational purposes only and provides only hypothetical amounts based on the unique information you enter.  

The information on this page is for general informational purposes and should not be taken as legal advice. Before taking or refraining from any action based on the page’s content or use of the personal injury settlement calculator, consult a licensed attorney in your jurisdiction for advice tailored to your specific case.

How the Calculator Works

The New York Personal Injury Settlement Calculator works by considering the unique information you enter and will provide only a hypothetical final amount you might clear after fees and expenses are deducted from your settlement. 

The calculator considers several key factors, including:

  • Case Settlement Amount
  • Legal Fees (pre-populated at â…“)
  • Case Expenses
  • Total Workers’ Compensation and Medicare / Medicaid Liens

 

Free New York Personal Injury Settlement Calculator

This calculator is designed to provide results based on the data you enter. If you or a loved one has been injured in New York and would like to ask questions about settlements, legal fees, and costs or how to file a personal injury lawsuit , contact the Law Offices of Eric Richman for a free consultation or call (800) 801-9655.

Legal Fee
Case Settlement
 
Legal Fee
 
Case Expenses
 
Total Workers’ Comp and Medicare Liens
 
Amount to Client at Settlement
 

DISCLAIMER: This calculator is for EXAMPLE ONLY. Each case and its value is unique, and this calculator should only be used to show some hypothetical settlement amounts and how a contingency fee and other expenses are deducted. Please consult with an attorney, like Eric Richman, Esq., to better understand how much your particular case could be worth.

This calculator does not factor in any funding or advances you may receive from any funding company. Those advances would need to be taken from your portion of the recovery, plus interest.

Step-by-Step Guide to Using the Calculator

Please consider the following instructions before getting started:

  1. Basic Information: Please start by entering a hypothetical settlement amount. 
  2. Legal Fees: This section of the calculator is set at  ⅓ the amount of any settlement. 
  3. Case Expenses: Please enter the amount of case expenses applicable to your personal injury case, such as expenses for court costs, experts, medical copying, etc. 
  4. Workers’ Comp and Medicare Liens: If a Workers’ Compensation or a Medicare lien has been placed on your personal injury case, enter the amount into the next box.
  5. Review & Submit: Double-check your entries and submit the information to view how much you could clear after your case settles.

Understanding Your Results

Many victims of accidents or crimes in New York are considering filing a personal injury claim and want to know how much they will potentially clear after their case settles. It requires entering a settlement amount. While other law firms and online tools may erroneously claim to be able to provide exact settlement amounts upfront, estimating a settlement amount at the beginning of a case, when there are many unknowns, is almost impossible. 

The Law Offices of Eric Richman is dedicated to providing honest, upfront information to clients from day one. The New York Personal Injury Settlement Calculator can only help you understand how fees and expenses are deducted from a settlement. It merely provides a general idea of what you might expect to clear after fees and expenses are deducted from your settlement. Real outcomes will vary greatly depending on the details of your case.

Use results as an informed starting point and consult a legal professional to discuss your case and potential next steps. Securing an actual settlement requires working with a legal expert who can file a personal injury claim on your behalf and leverage your tangible and intangible losses during the legal process.

Benefits of Using the Calculator

There are several benefits of using the New York Personal Injury Settlement Calculator, which was created to help you understand how fees and expenses are deducted from settlement amounts in the state and the settlement process in general. It can provide:  

  • General Insight: Obtain a fast, free initial estimate of how much you will clear after deducting fees and expenses.
  • Preparation: It can help you understand how fees are deducted from settlement amounts, evaluate your legal expenses more closely, gather essential information, and prepare you to speak with a personal injury attorney about your case.
  • Empowerment: Make informed decisions about pursuing legal action with a better understanding of a settlement’s potential value.

How Online Settlement Amount Calculators Work

Personal injury settlement value calculators online vary in type. They are designed to help you calculate how much you may clear after settling before trial and collect essential information about your case. They consider your personal information and provide you with a potential value amount. 

These calculators will ask you to provide various types of personal information. The calculator listed on this page has requested the below-listed information: 

  • Settlement Amount 
  • Legal Fees
  • Case Expenses
  • Total WC & Medical Liens

We will explore these factors in more depth below.

Settlement Amount

Settlement amounts can range from thousands to millions, depending on specific case details. This amount will be unique to your case, your personal circumstances, losses, the severity of your injuries, and more factors. It is usually impossible to predict a final settlement amount. Please use the calculator to enter several different scenarios, so you can see how much you would recover after fees and case cost. The calculator is not a predictor of your total settlement number  – just of how much you would clear after legal fees and costs.

Legal Fees

Legal expenses and fees are not the same thing. They are distinct. The term “fee” typically refers to the contingency fee, which is the percentage your attorney will receive from working on your personal injury case. This fee is almost always set in New York at 1/3 of the settlement amount. Medical malpractice cases do not use the â…“ fee structure.

Case Expenses

Case expenses will depend on your specific contract and legal agreement with your personal injury lawyer. These expenses may include hiring experts, filing lawsuits and other motions, obtaining medical records, and more. When your case settles, these costs will be deducted from your portion of the settlement amount. Clients are always given a full accounting of what is spent on their case.

Total Workers’ Compensation & Medical Liens

In the most simple terms, a lien is basically a legal right to get paid back. Medicare or Medicaid may place a lien on your settlement amount, ensuring they are compensated for any medical bills they covered for you. Also,  if worker’s compensation is paid for your medical treatment or lost wages, they may place a lien on your portion of the settlement amount. This ensures that the carrier is reimbursed after your case is settled.

Can an Online Settlement Calculator Tell You the Correct Value?

While personal injury settlement calculators can provide useful preliminary information, it is important to remember that they cannot guarantee an exact amount you will clear and receive. These calculators are based on different types of data, calculations, and scenarios that vary widely between types. 

Each personal injury case is unique, and varying fees and costs will result in a significantly different amount that would clear after a case settles. If you have any questions about how fees are deducted from the settlement amount, it is highly recommended that you speak with an attorney about your case today.

How Much Is a Personal Injury Lawyer Paid ?

Many people want to know how much a personal injury lawyer might deduct from their settlement. Typically, plaintiff’s lawyers work on a contingency fee basis, meaning they will only get paid if you win your case. The fee is almost always ⅓ of the settlement amount in New York, unless you have a medical malpractice case.

The Law Offices of Eric Richman—Further Assistance

The Law Offices of Eric Richman have over twenty-five years of experience fighting for personal injury victims in New York City and surrounding areas. To learn more about our law office, please read our recent blogs and consider our practice areas and settlement amounts. 

Regardless of your results of working with the New York Personal Injury Settlement Calculator, we invite you to take the next step and contact our office with any questions or concerns you may have. We provide free initial consultations and can provide a more detailed evaluation of your case. We also schedule confidential at-home or hospital visits if you cannot travel. 

Eric Richman’s team offers compassionate, expert legal representation for all of New York. To learn more, contact us for a free consultation or call us at (800) 801-9655.Â